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Problems We Solve

Why Do So Many People Get an Insurance Quote From Our Insurtech and Never Buy?

Insurtech startups see quotes that never bind and cannot tell why. We track each step of the quote and bind journey, find where it breaks, and build follow-up.

Updated 2 min readBy SpiderHunts Technologies

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Quick answer — TL;DR

Quotes fail to bind for reasons you cannot see from a conversion total: slow rating calls, questions people do not understand, declines shown too late, payment steps that fail or a price that changed between quote and bind. We instrument each step of the journey against your quote records, show where and why people stop, and build fixes and follow-up for saved quotes.

Lots of quotes, fewer policies

Your quote journey is live. Marketing brings traffic. The dashboard shows a healthy number of quotes each day and a much smaller number of policies. The team has theories: the price is too high, the question set is too long, people are just browsing.

Nobody can say which is true, because analytics shows page views and your policy administration system shows quotes and policies, and the two are not joined. A customer who started a quote, hit a referral, came back two days later on a different device and bought appears as a lost quote and a new sale.

Where quote and bind journeys really break

In insurance the quote journey has failure points that ordinary checkout funnels do not.

StepWhat goes wrongHow it shows up
Eligibility questionsWording people misread, answers that knock them out lateDrop-off after a specific question
Data enrichment callsAddress, vehicle or property lookups slow or failingLong waits, error pages
RatingRating engine slow or returns a referralSpinner, then an unclear message
Price shownPrice differs from what ads or aggregators suggestedDrop-off on the price page
Bind and paymentPrice recalculated, payment fails, documents not generatedErrors at the last step

Each step is often owned by a different part of the system, so no one sees the journey end to end.

The cost of quotes you never convert

Every quote you do not bind is acquisition spend with nothing to show for it. When the reason is technical, such as a lookup timing out, it is the most avoidable loss there is. Underwriting and pricing decisions get made on the assumption that price is the problem, when sometimes it is a question nobody understands. And people who were happy to buy but got stuck are left without a follow-up.

Instrumenting the journey and fixing what it shows

What we build joins journey data to your quote records and acts on what it finds.

  1. Each journey step sends an event, tied to the quote reference once one exists, so web analytics and your policy administration system tell one story.
  2. Response times and errors from rating and enrichment calls are recorded per quote.
  3. A funnel view shows where people stop, by channel, product and device, with the most common error or referral reason at each step.
  4. Referrals and declines are shown with the question that triggered them, so the underwriting team can decide whether wording or rules need looking at.
  5. Saved quotes are followed up by email with a link back to the same quote, where your rules and the customer's consent allow.
  6. Fixes are tested against the funnel, so you can see whether a change helped.

Changes to questions, rules or pricing remain your underwriting and pricing team's decisions. We give them the evidence and make the journey technically sound.

What the team sees afterwards

The weekly review looks at a funnel, not a total. The team can see that a particular lookup times out on mobile, that one eligibility question sends people away, or that most drop-off happens after a referral message. Engineering fixes the technical faults; underwriting reviews the wording. Customers who stopped get a way back to their quote.

Is your quote journey leaking like this?

  • You know how many quotes you give but not where people stop.
  • Analytics and your policy system are not joined.
  • Rating or lookup errors are found in logs, not reports.
  • Referral messages are generic.
  • Saved quotes get no follow-up.

FAQ

Frequently asked questions

The questions readers ask us after this guide.

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Do you change our rating or underwriting rules?

No. Those decisions stay with your pricing and underwriting teams. We show where the journey loses people and fix the technical faults.

Does this work with our policy administration system?

Usually. We need quote events or data from it, through an API, webhook or database access your team agrees.

Can we follow up saved quotes by email?

Where the customer has given the consent your policy requires, yes. The rules and wording are yours.

Which analytics tools do you use?

We can work with Google Analytics, a product analytics tool you already have, or events stored in your own database.

What drives the cost?

The number of products and channels, how the journey is built, and access to rating and quote data.

Keep reading

More on Problems We Solve

Start here

Tell us where your insurtech's operations get stuck

Describe the journey, queue or report that is causing trouble, the policy administration system you run on, and the capacity providers, brokers and partners you deal with. We will tell you what we would build around your existing platform and what we would leave alone, and if your system already has a feature that fixes it, we will say so.

  1. You tell us what you needTwo minutes on the form, or a message on WhatsApp.
  2. A senior engineer reviews itAnd comes back with questions, a realistic range and an honest view on fit.
  3. Free 30-minute scoping callWe talk through scope, options and a realistic estimate — with no obligation.
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